Croda International Plc. has completed the acquisition of the specialty products business of Arizona Chemical of Jacksonville, FL.The acquisition closed on May 23, 2013.
The acquisition brings Croda a portfolio of class leading oil gelling polymers, further expanding Croda’s footprint in the polymers arena, while strengthening Croda’s position as leaders in speciality chemicals from renewable resources. Croda will immediately begin the transition of these the products into its portfolio, including the transfer of production to an existing Croda manufacturing site in Europe followed by a re-launch of the products with new Croda trade names and marketing identities.
“We are pleased to expand our portfolio of effects with this acquisition," said Keith Layden, chief technology officer, Croda. "The varied functionality of these specialized polyamides as film formers, water repellent agents, polymeric emulsion stabilizers, structuring agents, rheology modifiers, pigment stabilizers and active delivery systems will be a valuable addition to our offerings across all the market sectors serviced by Croda. In addition, we see many opportunities to further differentiate the technology and create value for ourselves and our customers.”
Croda will immediately commence the transition of these the products into its portfolio, including the transfer of production to an existing Croda manufacturing site in Europe.
More info: www.croda.com